rupert murdoch and his son james will testify today. murdock will answer questions about his newspaper, the news of the world, which allegedly hacked into the phones of thousands of people ranging from celebrities to the royal family to murder victims. now, beyond the emotional damage is the damage to murdock's $39 billion empire. in two weeks the company's value has taken an $8 billion plunge. >> 4:40. coming up a bay area company adding hundreds of new jobs. you'll have to giddy up to get a gig. we'll explain that ahead. and why brian wilson may have reason to wear the spandex tux again. the big honor. you are looking at a live picture of our production booth. it is 4:40. back in a minute. >> you're looking obviously at a picture of oracle arena in the east bay. we'll check in with mike and traffic in a minute. thanks but no thanks, the oakland-based company rejecting a bid. in a statement clorox, saying it was neither credible nor adequate. icon's bid was likely meant to start a bidding war from possible suitors like procter & gamble